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HWASHIN TECH CO.,LTD.

Main Activities: Metalworking Machinery Manufacturing

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Company Information

Full name
HWASHIN TECH CO.,LTD.

Headquarters
44B-2L, SEONGSEO INDUSTRIAL COMPLEX, 100-30, GALSAN-DONG, DALSEO-GU, DAEGU; Daegu; Daegu; 704900
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: SINHAN (2011)
Incorporation Date: December 31, 1985
Total Employees: 111

Tel: 053-583-1171

Company Description

Revenue edged up, as it secured stable inflow of orders from its affiliates, Hwashin and Sae Hwashin, which are engaged in auto parts manufacturing. Net profit edged down from the previous year due to incurrence of losses from exchange fluctuations, and a reduction of gains from derivatives transactions. It sustained a good financial structure, with its dependency on borrowing kept at a low level, banking on ample cash-like asset. Revenue will likely increase, as demands for molding increase while
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Company Analysis

According to the Individual - Audited financial statement for the first half of 2012, total net operating revenues increased with 35.93%, from KRW 13,460,654 thousands to KRW 18,297,348 thousands. Operating result decreased from KRW 613,937 thousands to KRW 517,661 thousands which means -15.68% change. The results of the period decreased -58.75% reaching KRW 776,927 thousands at the end of the period against KRW 1,883,275 thousands last year. Return on equity (Net income/Total equity) went from 4.00% to 2.05%, the Return On Asset (Net income / Total Asset) went from 2.82% to 1.31% and the Net Profit Margin (Net Income/Net Sales) went from 13.99% to 4.25% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 57.25% compared to 41.55% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.04 to 1.02 when compared to the previous year.

Key Executives

Jeong,Jae Hyeong President
Jeong,Yu Jin President
Choe,Dae Hwan Non-Executive Independent Director
Bang,Seong Uk Executive Director
Jeong,Il Jin Executive Director
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Balance Sheet

Total Assets

59,475,142

57,128,928

Current Assets

17,503,892

13,786,459

Total Liabilities

21,653,091

18,151,062

Shareholders Equity

37,822,051

38,977,865

Current Liabilities

17,121,056

13,261,690

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

18,297,348

29,306,980

Operational Profit (Loss)

517,661

803,214

Net Profit (Loss)

776,927

2,701,149

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.31%

4.73%

Return on Equity (ROE)

2.05%

6.93%

Return on Sales (ROS)

4.25%

9.22%

Return on Capital

1.83%

6.16%

Gross Profit Margin

13.78%

14.38%

Efficiency Ratios

Current asset turnover

1.05x

2.13x

Asset Turnover

0.31x

0.51x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

547,807

2,053,081

EBITDA

517,966

803,824

Bookvalue (BV)

37,214,696

38,370,206

Liquidity Ratios

Current Ratio

102.24%

103.96%

Quick ratio

102.12%

103.86%

Doom's day ratio

0.62%

2.43%

Cash Flow to Debt

-1%

-4.2%

Leverage Ratios

Leverage ratio

157.25%

146.57%

Interest Coverage Ratio

838.18%

1,935.91%

Debt to equity

57.25%

46.57%

Debt to total assets

36.41%

31.77%

Long Term Debt to Capital

10.7%

11.15%

Market ratios

Price/Book Ratio

0.55

0.42

Trend Ratios

Revenue Trend

135.93%

111.09%

Net Income Trend

41.25%

113.44%